Transitions to entrepreneurship, self-realization, and prolonged working careers: Insights from the English Longitudinal Study of Ageing

Teemu Kautonen, Cal Halvorsen, Maria Minniti and Ewald Kibler

Journal of Business Venturing Insights, 2023, vol. 19, issue C

Abstract: This article contributes to our understanding of self-realization as a psychological benefit of entrepreneurship and its consequences on entrepreneurs' careers. By utilizing panel data from the English Longitudinal Study of Ageing (2002–2019), the analysis shows that individuals aged 50–67 experience an increase in perceived self-realization after starting a business, and this increase mediates the positive effect of transitioning to entrepreneurship on the individuals’ desire to postpone retirement. However, contrary to the dominant view in the literature, the self-realization effect of transitioning to entrepreneurship is short-lived: the perceived level of self-realization returns to the pre-start-up level within four years.

Keywords: self-Employment; Career transition; Self-realization; Aging; Retirement; Psychological benefit (search for similar items in EconPapers)
Date: 2023
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2352673423000021
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jobuve:v:19:y:2023:i:c:s2352673423000021

DOI: 10.1016/j.jbvi.2023.e00373

Access Statistics for this article

Journal of Business Venturing Insights is currently edited by Dimo Dimov

More articles in Journal of Business Venturing Insights from Elsevier
Bibliographic data for series maintained by Catherine Liu ().